The consolidation is expected to continue as long as the frontline indices trade below short-term moving averages. Below are some short-term trading ideas to consider.
Overall, the bearish sentiment may prevail, and any bounce back may face selling pressure. Below are some short-term trading ideas to consider.
Overall, the technical setup appears weak, but with the monthly August expiry approaching, any positive trigger could spark a strong short-covering rally in the Nifty 50, said Centrum’s Nilesh Jain.
Mirae Asset Sharekhan is bullish on Britannia Industries has recommended buy rating on the stock with a target price of Rs 6025 in its research report dated August 13, 2025.
Emkay Global Financial recommended reduce rating on Britannia Industries with a target price of Rs 5500 in its research report dated August 06, 2025.
Prabhudas Lilladher is bullish on Britannia Industries has recommended buy rating on the stock with a target price of Rs 6223 in its research report dated August 06, 2025.
Britannia Industries said its consolidated net profit grew at 3 percent to Rs 520.13 crore for the June quarter of FY26.
Stocks to Watch Today, 6 August: Stocks like National Securities Depository, Sri Lotus Developers, M&B Engineering, Bharti Airtel, Britannia Industries, Lupin, Prestige Estates Projects, EIH, Gland Pharma, and HG Infra Engineering will be in focus on August 5.
According to a Moneycontrol poll, Britannia Industries is likely to report a 7.5 percent revenue growth at Rs 4,610 crore.
The market needs to reclaim and sustain above the 20-day EMA to witness a further northward journey in the upcoming sessions. Below are some short-term trading ideas to consider.
ICICI Securities recommended Neutral rating on Britannia Industries with a target price of Rs 5,850 in its research report dated May 12, 2025.
Prabhudas Lilladher is bullish on Britannia Industries has recommended buy rating on the stock with a target price of Rs 5941 in its research report dated May 12, 2025.
Emkay Global Financial recommended reduce rating on Britannia Industries with a target price of Rs 5500 in its research report dated May 12, 2025.
This is also a good time to rotate capital into laggards with improving structures, rather than stocks that have already doubled or tripled in the recent run-up, said Rahul Ghose of Hedged.
Normal monsoon, better execution expected to aid growth recovery
Britannia Industries rose in trade after reporting better-than-expected Q4 FY25 results, with revenue up 9 percent YoY and net profit up 4 percent.
Normal monsoon and better execution in non-core brands expected to aid growth recovery
Stocks to Watch, 09 May: Stocks like Dilip Buildcon, Multi Commodity Exchange of India, Biocon, IIFL Finance, Pidilite Industries, Chambal Fertilisers and Chemicals, Zee Entertainment Enterprises, Jindal Stainless, REC, Kalyan Jewellers India, Venus Pipes and Tubes, Lupin, and Bharat Petroleum Corporation will be in focus on May 9.
According to a Moneycontrol poll, Britannia Industries is likely to report a 7.2 percent revenue growth at Rs 4,362 crore.
Both InterGlobe Aviation (IndiGo) and Tata Motors hold promise but require distinct approaches, said Rahul Ghose.
The FMCG sector's defensive nature and domestic demand makes it an attractive bet for investors amid times of uncertainties, especially at a time when the markets are turning volatile owing to US President Trump's reciprocal tariffs.
Going ahead, the current chart structure indicates that the Nifty 50 may continue its consolidation for the next couple of sessions before picking its next direction, said Sudeep Shah.
